Head of Operational Risk & Permanent Control

Full-time

Managerial

Cairo - Egypt

Job Description

 

Job Title/Function: Head of Operational Risk & Permanent Control

Department: OR/PC

Reports to: Chief Risk Officer

Division: Credit & Risk Management

 

The main purposes of the job are as follows:

  • Ensuring that the bank’s interests are protected and proper segregation of duties is in place
  • Ensuring that proper hierarchy controls in each department are there confirming the existence of first & second levels of control
  • Ensuring assessing the risk, by different tools (operational loss database, operational mapping, Permanent Control action plan, etc….)
  • Giving the management a clear vision of the internal control system in the bank with a clear assessment of all bank risks

Responsibilities

  • Implementing the Internal Affairs Office instructions within the bank with regard to different methodologies (self-assessment, control plans, reporting, etc.) for further creating/promoting a successful Internal Control environment within the bank
  • Ensuring that the bank’s permanent control is efficient and that robust and comprehensive controls are there and that the required reporting & assessment are performed, through a control plan in which all levels of permanent controls are addressed (levels 1, 2.1 & 2.2) the frequency, the description of the control and the risk that it addresses.
  • Issuing regular warnings related to any weakness in the unit control system through KRI and also through the regular assessment performed by the OR/PC action plan
  • Managing the operational risk mapping project throughout the entire bank and the quarterly Reporting of the operational losses and any significant information to the local Management and the Internal Affairs Office
  • Reviewing & validating the bank’s procedures, ensuring that controls are correctly embedded
  • Secretary of the Outsourcing essential activities committee (agenda, minutes, follow-up)
  • Managing all Internal Control reports required by local Management & Internal Affairs as Semi-Annual & Annual Internal Control Reports
  • Follow up on all recommendations related to any Audit findings concerning the dept.
  • Assign as the main coordinator for all Audit recommendations related to the Risk Division (OR/PC department only).
  • Attend and present OR/PC quarterly presentations in the ICC.
  • Managing the yearly COSO exercise.
  • Providing approval for opening the G/L for capturing any operational losses
  • Confidential information responsibility:
  1. All Audit reports related to any area in the entire bank
  2. Any report may be related to an investigation performed for any anomalies encountered in the bank
  3. Assessment is done on areas related that may have confidential data as HR

Requirements​/Qualifications

Qualifications:

  • Fluency in English
  • A bachelor’s degree in a relevant field such as finance, business administration, accounting, or risk management
  • Large experience in all banking different areas
  • Computer skills (word, excel, PowerPoint)
  • Core training necessary for the position:
  1. Basel II requirements
  2. Risk Management (Credit, Market, Operational)
  3. Accounting & Finance
  • Communicating problems, ability to explain, and handling relationships with other concerned parties
  • Using direct & indirect ways to verify the information received from different areas for work use
  • Very good analytical skills
  • Working Conditions:
  1. Visits and meetings with the different operational units to explain/assess different controls
  2. Travel in case of investigations of huge loss incidents/frauds etc.…

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